Grow Indigo, a Mumbai-based agritech startup, has raised over $6 million in its recent funding round.

So far, the startup has raised a cumulative capital of over $13 million from investors, including Mahyco, Indigo AG, and HNIs.

Grow Indigo | Sustainable Agriculture

Founded by Kirthee Thakkar and Rajendra Badrinarayan Barwale in 2018, Grow Indigo is creating value for farmers and protecting the environment with regenerative agricultural practices.

The startup has created a first-of-its-kind voluntary carbon marketplace program in India with smallholder farmers.

Grow Indigo focuses on providing nature-based solutions to address climate challenges faced in agriculture while ensuring farmers/stakeholders have a connection with both input and output markets to maximise their access and incomes.

It encourages the concept of farming carbon as a crop for smallholder farmers in India. When implemented on 120 million acres (i.e. about one-third of cropland in India), the agritech startup expects a 1% increase in soil carbon would remove over 7 gigatonnes of carbon dioxide equivalent from the atmosphere.

In the next two years, Grow Indigo expects to enrol over 3.5 million acres. The Mumbai-based agritech startup has invested significantly to build a large library of useful microbes, enabling farmers to reduce their chemical inputs and increase their ability to generate carbon credits. Grow Indigo’s proprietary microbial consortium already covers four million acres.

Speaking about the development, Usha Barwale Zehr, Executive Chairman of Grow Indigo, stated that with sustainability at its core, Grow Indigo will continue to scale up carbon farming in India.

Grow Indigo has a team of 200 agronomists, engineers, data scientists, technicians, members of the sales team, and researchers committed to solving the climate crisis through agricultural interventions.

The startup, through the sale of carbon credits generated by adopting regenerative practices, has built an alternate source of sustainable income for farmers. Grow Indigo’s network and digital platforms already connect with over one lakh retailers and FPOs and over 10 million farmers.

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